In December 2025, the International Federation of Elevator Associations (GEEAF) officially released the 2025 Global Elevator Maintenance Service Industry Development Report, announcing the 2025 global top 10 countries by elevator maintenance service market size. According to the report, the total size of the global elevator maintenance service market reached 48.5 billion US dollars in 2025, a year-on-year increase of 6.8%, the growth rate has been higher than that of the new elevator market for 5 consecutive years, and the global elevator industry has gradually transformed from "new elevator sales-oriented" to "maintenance service-oriented". The TOP 10 ranking released this time is as follows: 1. China, with a market size of 14.2 billion US dollars, accounting for 29.3% of the global total, a year-on-year increase of 8.5%, firmly ranking first in the world; 2. United States, with a market size of 9.8 billion US dollars, accounting for 20.2% of the global total, a year-on-year increase of 5.7%; 3. EU 27 countries, with a market size of 8.7 billion US dollars, accounting for 17.9% of the global total, a year-on-year increase of 4.8%; 4. Japan, with a market size of 4.2 billion US dollars, accounting for 8.7% of the global total, a year-on-year increase of 3.9%; 5. South Korea, with a market size of 2.1 billion US dollars, accounting for 4.3% of the global total, a year-on-year increase of 4.5%; 6. Canada, with a market size of 1.8 billion US dollars, accounting for 3.7% of the global total, a year-on-year increase of 4.2%; 7. Australia, with a market size of 1.2 billion US dollars, accounting for 2.5% of the global total, a year-on-year increase of 5.1%; 8. Russia, with a market size of 1.1 billion US dollars, accounting for 2.3% of the global total, a year-on-year increase of 3.8%; 9. Brazil, with a market size of 980 million US dollars, accounting for 2.0% of the global total, a year-on-year increase of 4.6%; 10. India, with a market size of 850 million US dollars, accounting for 1.8% of the global total, a year-on-year increase of 11.2%, ranking first among the top ten countries in the world in terms of growth rate. The report also pointed out that the total number of elevators in use worldwide has exceeded 23 million, of which more than 30% are old elevators with a service life of more than 15 years. The rising demand for maintenance and transformation of old elevators is the core driving force for the growth of the global elevator maintenance market. In the next 5 years, the global elevator maintenance market will still maintain an average annual growth rate of more than 6%, and maintenance services will become the core growth track of the global elevator industry.